Basic and Diluted Net Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):


	Year ended December 31,
	2023		2022		2021
Basic and diluted net loss per share
Numerator
Consolidated net loss	$	(1,158,937)	$	(934,141)	$	(503,480)
Less: net loss attributable to noncontrolling interests	(6,991)		(9,775)		(11,829)
Net loss attributable to common stockholders	$	(1,151,946)	$	(924,366)	$	(491,651)
Denominator
Weighted-average common shares used in computing net loss per share attributable to common stockholders, based and diluted	616,445		595,559		505,858
Net loss per share attributable to common stockholders, basic and diluted	$	(1.87)	$	(1.55)	$	(0.97)

Schedule of Antidilutive Securities

The potential shares of common stock that were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive are as follows (in thousands):


	Year ended December 31,
	2023	2022	2021
Stock options outstanding	40,159	51,591	63,267
RSUs outstanding	39,846	30,322	14,684
2020 ESPP	3,347	2,311	523
2023 PSUs Grants based on performance target achievement at period-end(1)	9	—	—
Stock warrants outstanding	264	264	324
RSAs outstanding	149	500	468
Total	83,774	84,988	79,266

(1)Represents the hypothetical number of shares that would have been earned under the Company’s 2023 PSU Grants had the performance period ended on the balance sheet date.